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Webuy Global Ltd. Announces Pricing of $3.7 Million Registered Direct Offering

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Webuy Global (Nasdaq: WBUY), a Southeast Asian community e-commerce company, has announced a registered direct offering of approximately 21,013,239 Class A ordinary shares at $0.1756 per share. The offering is expected to raise $3.7 million in gross proceeds before deducting placement agent fees and other expenses. The closing is anticipated around December 17, 2024. D. Boral Capital serves as the exclusive placement agent. The offering is being made through a shelf registration statement on Form F-3 that was declared effective by the SEC on December 3, 2024.

Webuy Global (Nasdaq: WBUY), una società di e-commerce della comunità del Sud-est asiatico, ha annunciato un offerta diretta registrata di circa 21.013.239 azioni ordinarie di Classe A al prezzo di 0,1756 $ per azione. Si prevede che l'offerta generi 3,7 milioni di dollari in proventi lordi prima della deduzione delle commissioni dell'agente di collocamento e di altre spese. La chiusura è prevista intorno al 17 dicembre 2024. D. Boral Capital funge da agente di collocamento esclusivo. L'offerta è effettuata tramite una dichiarazione di registrazione su modulo F-3 dichiarata efficace dalla SEC il 3 dicembre 2024.

Webuy Global (Nasdaq: WBUY), una empresa de comercio electrónico de la comunidad del sudeste asiático, ha anunciado una oferta directa registrada de aproximadamente 21.013.239 acciones ordinarias de Clase A a un precio de 0,1756 $ por acción. Se espera que la oferta recaude 3,7 millones de dólares en ingresos brutos antes de deducir las comisiones del agente de colocación y otros gastos. Se anticipa que el cierre será alrededor del 17 de diciembre de 2024. D. Boral Capital actúa como el agente de colocación exclusivo. La oferta se está realizando a través de una declaración de registro en el Formulario F-3 que fue declarada efectiva por la SEC el 3 de diciembre de 2024.

Webuy Global (Nasdaq: WBUY), 동남아시아 커뮤니티 전자 상거래 회사가 약 21,013,239주(클래스 A)의 직접 등록 공모를 발표했습니다. 주당 가격은 0.1756 달러입니다. 이번 공모는 에이전트 수수료 및 기타 비용을 공제하기 전 370만 달러의 총 수익을 올릴 것으로 예상됩니다. 마감은 2024년 12월 17일경에 예정되어 있습니다. D. Boral Capital은 독점 배치 에이전트로 활동하고 있습니다. 이번 공모는 SEC에 의해 2024년 12월 3일 효과적으로 공표된 F-3 양식의 선반 등록신청서를 통해 이루어지고 있습니다.

Webuy Global (Nasdaq: WBUY), une entreprise de commerce électronique de la communauté d'Asie du Sud-Est, a annoncé une offre directe enregistrée d'environ 21.013.239 actions ordinaires de Classe A au prix de 0,1756 $ par action. Cette offre devrait générer 3,7 millions de dollars de produits bruts avant déduction des frais de l'agent de placement et d'autres dépenses. La clôture est attendue aux alentours du 17 décembre 2024. D. Boral Capital agit en tant qu'agent de placement exclusif. L'offre est réalisée par le biais d'une déclaration d'enregistrement sur le formulaire F-3, qui a été déclarée effective par la SEC le 3 décembre 2024.

Webuy Global (Nasdaq: WBUY), ein E-Commerce-Unternehmen aus der südostasiatischen Gemeinschaft, hat eine registrierte Direktplatzierung von etwa 21.013.239 Stammaktien der Klasse A zu einem Preis von 0,1756 $ pro Aktie angekündigt. Es wird erwartet, dass die Platzierung 3,7 Millionen $ an Bruttoeinnahmen vor Abzug der Gebühren des Platzierungsagenten und anderer Ausgaben einbringt. Der Abschluss wird für den 17. Dezember 2024 erwartet. D. Boral Capital fungiert als exklusiver Platzierungsagent. Die Platzierung erfolgt durch eine Regulierungsanmeldung auf dem Formular F-3, die am 3. Dezember 2024 von der SEC für wirksam erklärt wurde.

Positive
  • Secured $3.7 million in additional funding through registered direct offering
Negative
  • Significant share dilution with issuance of 21,013,239 new shares
  • Low offering price of $0.1756 per share indicates weak market position

Insights

This $3.7 million registered direct offering represents significant dilution for existing shareholders, with 21,013,239 new Class A ordinary shares being issued at $0.1756 per share - a substantial discount to recent trading prices. For a company with a market cap of only $11.9 million, this offering increases the share count significantly and suggests urgent capital needs. The pricing indicates weak investor confidence and could put further downward pressure on the stock. The involvement of institutional investors provides some validation, but the heavily discounted price point is concerning. This financing, while providing needed capital, comes at a high cost to shareholder value.

Singapore, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce innovator, today announced that it entered into a securities purchase agreement with certain institutional investors to purchase approximately 21,013,239 Class A ordinary shares (or Class A ordinary share equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.1756 per share.

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3.7 million, before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about December 17, 2024, subject to the satisfaction of customary closing conditions.


D. Boral Capital LLC is acting as exclusive placement agent for the offering.


The proposed offering of the securities described above is being offered by the Company pursuant to a “shelf” registration statement on Form F-3 (File No. 333-283356) filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on December 3, 2024, and the accompanying prospectus contained therein.


The offering is being made only by means of a prospectus supplement and accompanying prospectus. The prospectus supplement describing the terms of the public offering will be filed with the SEC prior to the closing and will form a part of the effective registration statement.


Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting D. Boral Capital LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at syndicate@dboralcapital.com , or by telephone at (212) 970-5150.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Webuy Global Ltd
Webuy Global Ltd. (Nasdaq: WBUY) is a forward-thinking, technology-driven company aimed at becoming the leading e-commerce and travel platform in Southeast Asia. Leveraging advanced AI technologies, the Company enhances its 'group buy' model by providing personalized recommendations, predictive demand analytics, and seamless community interactions. In addition, Webuy integrates AI-powered travel solutions, such as its proprietary AI Travel Consultant, to deliver personalized itineraries, group travel planning, and real-time support. These innovations streamline the traditional supply chain, foster a community-driven shopping experience, and simplify travel planning for its users. Webuy is committed to improving the lives of millions of families in Southeast Asia with high-quality, affordable products, services, and travel experiences. For more information, visit http://webuy.global.

Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties described more fully in the Company’s filings with the SEC. Forward-looking statements are made as of this date, and the Company undertakes no duty to update them, except as required by law.


FAQ

How much is Webuy Global (WBUY) raising in its December 2024 offering?

Webuy Global is raising approximately $3.7 million in gross proceeds through a registered direct offering of Class A ordinary shares.

What is the price per share for WBUY's December 2024 registered direct offering?

The purchase price is $0.1756 per share for the registered direct offering.

How many new shares is WBUY issuing in the December 2024 offering?

Webuy Global is issuing approximately 21,013,239 Class A ordinary shares or share equivalents.

When is WBUY's December 2024 registered direct offering expected to close?

The offering is expected to close on or about December 17, 2024, subject to customary closing conditions.

Who is the placement agent for WBUY's December 2024 offering?

D. Boral Capital is acting as the exclusive placement agent for the offering.

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